#408: Build-to-Rent, Land Entitlement, and so much more!- with Kavitha Baratakke

Kavitha is a real estate expert.

Kavitha is the Founder of Cherry Street Investments, an Austin-based firm that focuses on multifamily, build-to-rent, and senior care facilities. Prior to real estate, she spent almost 20 years as a Technology Professional working for IBM in various roles across Software Development, Customer Services, Partner Relations, and Technical Account Management.

Quote:

"There's a whole bunch of little things involved before we can take land and make it a buildable piece of land—what we call 'shovel ready.'" "The first phase is the entitlement phase, the second phase is the horizontal development, and the third phase is actually the vertical development where people actually see something happening. So before that we're just moving dirt around in the second phase and in the first phase we don't do anything…it's just about approvals."

Highlights:

01:50 - Kavitha tells listeners more about her background in real estate and her first major real estate investment.

07:27 - Kavitha talks about why and how she started to diversify outside of multifamily acquisitions.

12:23 - Kavitha discusses the ins and outs of land entitlement and how she adds value.

21:18 - Kavitha dissects her build-to-rent strategy.

24:55 - Kavitha touches on the projects she's most excited about.

Guest Website:

https://cherrystreetinvestments.com/

https://www.youtube.com/channel/UC9bBQxO27S3Vf_rWRqBGceg

https://www.linkedin.com/in/kbaratakke/

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